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IMF raises 2017 growth outlook for South Korea

Energy Daily Wednesday, 15 November 2017 ()
IMF raises 2017 growth outlook for South KoreaSeoul (AFP) Nov 14, 2017

The International Monetary Fund on Tuesday raised its 2017 growth forecast for South Korea, as improving exports and construction investment offset elevated geopolitical tensions over the North Korea nuclear crisis. Wrapping up a two-week visit, the IMF said it expects Asia's fourth-largest economy to expand 3.2 percent this year, up from its earlier prediction of 3.0 percent. "The momen
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News video: South Korea imposes fresh financial sanctions on North Korean bankers

South Korea imposes fresh financial sanctions on North Korean bankers 01:22

South Korea has imposed unilateral sanctions on 18 North Koreans, prohibiting any financial transactions between them and its own citizens in a bid to aid the international effort to dry up Pyongyang’s illegal cash flows. The sanctioned individuals are all directly affiliated with North Korean...

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